Cryptopia: Financial Products delisting

  • Hi, I received this email at the end of May from cryptopya (noreply@cryptopia.co.nz):


    Dear Cryptopians,

    You are receiving this automated email because we have identified that you have a balance or deposit address for one or more of the following coins.

    Cryptopia is registered as a Financial Service Provider in New Zealand. This registration only allows us to list coins that are not ‘Financial Products’ on our exchange. The concept of a “Financial Product” under New Zealand law is similar (but not identical) to that of a ‘Security’ under US law (and equivalent definitions in other jurisdictions).

    We continually review and update our operations to ensure we remain compliant with our legal obligations. Cryptopia is committed to ensuring we are compliant so we can remain a responsible company both under New Zealand law and in order to meet our own ethical standards.

    As a part of ensuring that we remain compliant, and on the basis that we are not permitted to list financial products, we must delist all coins that are, or are likely to be, financial products according to New Zealand law.

    The coins set out below have all been put into delisting:

    1. Aureus (AURS)
    2. Bitradio (BRO)
    3. ChronosCoin (CRX)
    4. DCORP (DRP)
    5. DDF (DDF)
    6. DecentBet (DBET)
    7. LFTCCoin (LFTC) *
    8. ProudMoney (PROUD)
    9. OX Fina (OX)
    10. 21Million (21M)
    11. BitcoinDark (BTCD)
    12. BlockOptions (BOP)
    13. Bonpay (BON)
    14. NeuroDAO (NDAO)
    15. CrowdCoin (CRC)
    16. DigiPulse (DGPT)
    17. DRP Utility (DRPU)
    18. EncryptoTel (ETT)
    19. Futereum X (FUTX)
    20. HomeblockCoin (HBC)
    21. InterstellarHoldings (HOLD)
    22. Lithiumcoin (LIT)
    23. MatrixCoin (MATRX)
    24. PlexCoin (PLX)
    25. TenX (PAY)

    *These coins currently have 0 connections, and there is likely to be issues withdrawing funds. This is beyond the control of Cryptopia, and needs to be followed up with the coin developers.

    We wish to notify our users of the following process:

    1. As of today (28/05/2018) the markets for trading these coins on Cryptopia are closed.
    2. To ensure your holdings are off the exchange before the coins are removed, please close any open orders and withdraw your coins from the exchange immediately.
    3. These coins will be fully delisted and removed from the Cryptopia site one month from today (last day on the exchange being 28/06/2018).

    Whilst this may cause some inconvenience, these coins are being delisted to ensure we remain compliant under New Zealand law.

    It is possible we may delist further coins that we consider may be financial products in future.

    Kind regards The Cryptopia Team



    Is this email spam or not?

    If not: this means I have to move my BRO to an other wallet, correct?

    Where can I find a list of wallets/Exchanges?


    Thank you very much

  • yes you need to move your Bro to another wallet. Also you should keep in mind, that any exchange isnt acting like a wallet, so they take mostly more fees than necessary and they could get any chainsplit to your negative (dont grant you the new coin generated, switch to the chain you dont want to use and so on)


    For a list of wallets you can use, simply go to https://bitrad.io and download one from there... Exchanges is a problem right now, but in July there will be a new one we can trade on :D